Download the Fifth Edition Today! Staying the Course Toward Inclusive Philanthropy Philanthropy has always excelled when it listens, learns, and evolves to meet the needs of the communities it serves. In recent years, lean funders have increasingly recognized that racial equity is not an optional add-on to their work; it is central to their mission... Read More
In addition to paying careful attention to how your foundation is governed, it’s also important to think about how your nonprofit grantees are governed. Here’s a checklist to consider when evaluating a potential grantee. How is the nonprofit’s financial health? Does the grantee have at least one financial expert on its board? If not, does... Read More
Any private foundation can make scholarship grants directly to individuals if it receives advance approval from the Internal Revenue Service; the foundation can file. the Schedule H form to request this approval. If the recipient is chosen by an independent entity (e.g., college or community foundation), advance approval is not needed. George and Mary Josephine... Read More
For foundations, supporting start-ups comes with challenges, including taking risks on unproven ideas and helping to build organizations from the ground up. Your small foundation colleagues who fund start-ups, though, say that this extra commitment is anything but a negative. It can be incredibly rewarding—both personally and professionally. Take The Lynch Foundation in Boston. Founded... Read More
On an individual level, empathy is the ability to reach beyond ourselves and connect in a deeper way with other people—to understand their experiences, to get where they’re coming from, to feel what they feel. Widespread empathy scales that intuition from the individual to the organization. It connects a foundation’s staff and board to the... Read More
“Tackling the world’s most vexing social problems is a challenge for even the biggest foundations,” writes Exponent Philanthropy member Emily Tow Jackson in the Chronicle of Philanthropy (March 24, 2013). “Nonetheless, it is possible for small foundations to bring about large-scale social change.” Small-staffed philanthropists are perfectly positioned to be change makers. What does this... Read More